Itinerary for First-Time Homebuyer Workshop

Itinerary for First-Time Homebuyer Workshop

Empowering First-Time Buyers in Florida

1. Understanding Credit for Homebuying

Main Talking Point: How credit impacts home buying eligibility and affordability.

1. What is a credit score, and why it matters?
2. Minimum credit score requirements for common loan types 
3. How to obtain a free credit report and review for accuracy.
4. Factors that affect your credit score (payment history, utilization, length of credit, etc.).
5. Steps to improve your credit score before applying for a mortgage.
6. The role of credit inquiries during the homebuying process.
7. Addressing past credit issues (e.g., collections, late payments).
8. The importance of paying down debt.
9. Building positive credit habits for long-term financial health.
10. How lenders assess creditworthiness beyond the score.

2. Mortgage Financing Options

Main Talking Point: Finding the right loan product for your financial situation.

1. The difference between pre-qualification and pre-approval.
2. Overview of common mortgage types (FHA, Conventional, VA, USDA).
3. I understand down payment requirements (e.g., 0% for VA, 3.5% for FHA).
4. Programs for first-time homebuyers in Florida (e.g., down payment assistance).
5. The importance of the debt-to-income (DTI) ratio.
6. Questions to ask your lender before committing to a loan.

3. The Homebuying Process: From Contract to Close

Main Talking Point: Step-by-step guide to buying a home in Florida.

1. I am deciding on must-haves and nice-to-haves in a home.
2. They are choosing a real estate agent and understanding their role.
3. The importance of getting pre-approved before house hunting.
4. It is essential to understand the home purchase contract and its key terms.
5. We are negotiating the offer (price, contingencies, seller concessions).
6. The home inspection process and common red flags.
7. The appraisal process and how it affects financing.
8. I understand the title search and title insurance.
9. I am reviewing the Closing Disclosure and preparing for closing costs.
10. What to expect on closing day and receiving the keys to your new home.

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